Marathon's Martinez RD Facility Running Below Full Rate as Repairs Continue -- OPIS [MarketWatch]
NESTE OYJ UNSP/ADR (NTOIY)
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Source: MarketWatch
Maryann Mannen, Marathon's president, said the Martinez facility is currently running at 22,000 b/d, below its nameplate capacity of 48,000 b/d. "We are going to continue to run at that level and work with the regulators to determine what repairs need to be completed in order to get to the nameplate," Mannen told analysts during a conference call. Advertisement Mannen did not elaborate on what kind of repair work is being done. In mid-November, a Marathon spokesman told OPIS that the company extinguished a fire which injured one employee. In October, Marathon said it expected the Martinez facility to produce at nameplate capacity by the end of 2023. Advertisement The Martinez facility is a 50-50 joint venture between Marathon, the largest U.S. refinery operator, and Finland-based renewable diesel company Neste Oyj. In addition, Mannen said the company's reformer at its 625,000 b/d Galveston Bay, Texas, refinery was restarted in mid-November and returned to full operat
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